SunCom Wireless Holdings Inc. said it has terminated its planned $113 million acquisition of wireless spectrum holder Urban Comm-North Carolina Inc., which was originally announced last October. SunCom did not give any reason for the termination.
SunCom-then called Triton PCS-said it planned to purchase all of Urban Comm-North Carolina’s outstanding stock and assets that included 1.9 GHz spectrum licenses covering 7.4 million potential customers in parts of North Carolina, South Carolina and Virginia.
Verizon Wireless announced earlier this year that it was acquiring 10 spectrum licenses from Urban Comm-North Carolina for $68.5 million. The licenses included 10-, 20- and 30-megahertz licenses in the 1.9 GHz band covering 3.9 million pops in North Carolina.
